BlackRock’s Ethereum ETF Nears 3 Million ETH Holdings Amid Growing Institutional Interest and Market Share Gains

Key Points

1. BlackRock’s ETHA accumulated 1.23 million ETH in July, including 59,309 ETH on July 29 alone, pushing its AUM beyond $11.1 billion.

2. SEC approval of in-kind redemptions accelerated inflows, with ETHA recording $223 million in a single day, enhancing market liquidity and confidence.

3. ETHA’s trading volume exceeded $1.1 billion in July, with its share price increasing over 50%, nearing the $30 threshold.

4. Ethereum ETFs have increased their market share from 10% to 13% over two months, while Bitcoin ETFs declined from 90% to 82%.

5. BlackRock’s ETHA remains a dominant player in the Ether ETF space, attracting a large portion of new capital due to strong institutional demand.